MPs warn Treasury reforms risk undermining Financial Ombudsman independence
MPs warn Treasury plans to reform the Financial Ombudsman Service could threaten its independence, raising concerns over...
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Business
Rolls-Royce scraps 2030 all-electric target as demand softens
Rolls-Royce abandons its 2030 all-electric pledge, citing softer customer demand and changing regulations as luxury carm...
UK government backs away from AI copyright overhaul as licensing emerges as the battleground
UK government report on copyright and AI signals retreat from opt-out reforms, prioritising transparency and licensing....
Government urged to act as £2.5bn Chelsea sale funds remain frozen
Pressure mounts on the UK government to release £2.5bn from Chelsea’s sale as ministers prepare legal action against Rom...
Getting To Know You: Greg McNally, managing partner, Vita
Greg McNally, Managing Partner of VITA, shares how he built one of the UK’s leading VAT advisory firms by challenging tr...
Candela raises €30m as electric ferries gain momentum amid fuel price surge
Electric vessel maker Candela secures €30m funding to scale hydrofoil ferry production as rising oil prices accelerate d...
Trustpilot profits soar as AI-driven traffic fuels sharp share price rally
Trustpilot reports £14m profit as AI-driven traffic boosts growth, with shares jumping 28% amid strong revenue and upgra...
Canadian billionaire Stephen Smith takes 27% stake in economist group
Canadian billionaire Stephen Smith has acquired a 26.9% stake in The Economist Group from Lynn Forester de Rothschild, m...
Close Brothers to cut 600 jobs as motor finance scandal pressures finances
Close Brothers will cut 600 jobs as it battles investor concerns over the motor finance scandal, with compensation costs...
Small business commissioner appoints new advisory board members amid push on late payments
The Small Business Commissioner has appointed Abigail Whittaker and Ryan Shorthouse to its advisory board as it prepares...
Tribunal ruling could cut public EV charging VAT to 5%, raising prospect of cheaper charging
A tribunal ruling could see public EV charging VAT reduced to 5%, potentially lowering costs for drivers and aligning ra...
Bentley to cut 275 jobs as profits slump amid global headwinds
Bentley will cut 275 jobs as profits fall 42% to £187m, with the luxury carmaker citing weak demand, China slowdown and...
Individual insolvencies surge 18% as experts warn households are at ‘breaking point’
UK individual insolvencies have surged 18% year-on-year, with experts warning households are at breaking point as high i...
Rachel Reeves unveils £2bn AI push to make UK fastest adopter in G7
Chancellor Rachel Reeves has unveiled a £2bn AI investment plan to make the UK the fastest adopter in the G7, boosting g...
HMRC interest ‘double standards’ branded unfair as taxpayers face higher charges than rebates
Experts warn HMRC’s interest system is unfair, with taxpayers charged 7.75% on late payments but receiving just 2.75% on...
Experts warn pension tax cap risks undermining retirement savings as pressure mounts on Chancellor to rethink
Financial experts urge Rachel Reeves to rethink plans to cap National Insurance relief on pensions at £2,000, warning it...
Alcohol-free beer, hummus and pet grooming join inflation basket as UK spending habits shift
Alcohol-free beer, hummus and pet grooming join the UK inflation basket as ONS updates CPI to reflect changing consumer...
JD.com launches Joybuy in UK with same-day delivery challenge to Amazon
Chinese retail giant JD.com has launched Joybuy in the UK, promising same-day delivery across major cities as it takes o...